Survey reveals US$70 per bbl oil price in sight after OPEC deal

The extension to March 2020 of an oil production cut deal by OPEC to remove of 1.2 mmbbl per day from the market will push Brent crude prices to US$70 per bbl, according to 66 per cent of those polled in GIQ’s monthly Energy Market Survey in July

‘Ethylene capacity in Africa to rise to 4.63 mtpa by 2023’

Ethylene capacity in Africa is expected to increase at an average annual growth rate (AAGR) of 18.6 per cent from 1.83 mtpa in 2018 to 4.63 mtpa in 2023, according to GlobalData, a data and analytics company

World oil reserves rose 0.4 per cent in 2018: Eni

In 2018, oil reserves increased slightly (+ 0.4 per cent), mainly due to growth in the US, according to Eni’s 18th edition of the World Oil, Gas and Renewables Review, the annual statistics report on oil, natural gas and renewable sources